Use the following Information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the Indirect method (Amounts to be deducted should be Indicated by a minus sign.) Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends Cash flows from operating activities Net income Depreciation expense Gain on sale of machinery Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Decrease in accounts receivable Increase in accounts payable Increase in inventory VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 $ 42,000 7,000 6,000 10,000 Net income 3,000 Decrease in accounts receivable Net cash provided by operating activities Cash flows from investing activities Cash flows from financing activities Gain on sale of machinery Cash received from sale of machinery Increase in accounts payable 0 0 $ 2,500 10,500 2,500 43,000 5,000

Use the following informanon of VPI Compariy to prepare a statement of cash flows for the year ended December 31 using the indirect method (Amounts to be deducted should be indicated by a minus sign.)